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RentData.org Logo New Mexico Fair Market Rent for 2024 Accurate Rental Price Data

Average Fair Market Rent Prices in New Mexico:
$709 $791 $966 $1,289 $1,537
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

New Mexico (31) has the 38th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Mexico ranges from $877 for a 2-bedroom apartment in Catron County, NM to $1,535 for a 2-bedroom unit in Santa Fe, NM MSA.

For FY 2024, the Santa Fe, NM MSA (Santa Fe County) rent for a studio or efficiency is $1,171 per month and $2,044 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in New Mexico is $966 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Mexico is around 1,860,072 people. So, there are around 279,011 people in New Mexico who could be receiving housing benefits from the HUD.

Click on your region in the list below or on the map to see a more detailed break down of rental prices.

What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in New Mexico. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

New Mexico Fair Market Rent Map

Click on a region to view more detailed rent data.

Lookup FMR by Zip Code FHA Loan Limits in New Mexico
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Albuquerque, NM MSA Metro $828 $1,005 $1,222 $1,722 $2,064 679,037
Catron County, NM $627 $707 $877 $1,120 $1,488 3,547
Chaves County, NM $692 $737 $969 $1,239 $1,358 64,912
Cibola County, NM $629 $700 $880 $1,065 $1,172 26,763
Colfax County, NM $760 $781 $877 $1,158 $1,372 12,106
Curry County, NM $674 $800 $995 $1,266 $1,689 49,502
De Baca County, NM $627 $667 $877 $1,236 $1,488 1,995
Las Cruces, NM MSA Metro $739 $881 $989 $1,383 $1,562 217,696
Eddy County, NM $791 $968 $1,087 $1,532 $1,648 57,865
Grant County, NM $728 $733 $877 $1,209 $1,303 27,391
Guadalupe County, NM $627 $767 $877 $1,236 $1,488 4,336
Harding County, NM $627 $707 $877 $1,236 $1,488 432
Hidalgo County, NM $627 $707 $877 $1,236 $1,488 4,234
Lea County, NM $801 $889 $1,168 $1,487 $1,642 70,359
Lincoln County, NM $627 $667 $877 $1,156 $1,488 19,640
Los Alamos County, NM $995 $1,037 $1,363 $1,722 $2,313 18,976
Luna County, NM $594 $691 $877 $1,181 $1,488 24,022
McKinley County, NM $663 $739 $877 $1,127 $1,168 71,956
Mora County, NM $627 $707 $877 $1,184 $1,488 4,500
Otero County, NM $609 $722 $877 $1,236 $1,488 66,804
Quay County, NM $627 $781 $877 $1,092 $1,488 8,265
Rio Arriba County, NM $666 $670 $877 $1,060 $1,168 38,962
Roosevelt County, NM $660 $703 $924 $1,267 $1,568 18,723
Farmington, NM MSA Metro $843 $847 $1,012 $1,426 $1,526 125,608
San Miguel County, NM $703 $781 $877 $1,186 $1,384 27,546
Santa Fe, NM MSA Metro $1,171 $1,317 $1,535 $1,960 $2,044 150,319
Sierra County, NM $594 $667 $877 $1,236 $1,488 10,988
Socorro County, NM $627 $707 $877 $1,236 $1,488 16,723
Taos County, NM $845 $921 $1,050 $1,375 $1,782 32,759
Union County, NM $627 $732 $877 $1,114 $1,488 4,106

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